Scotiabank

Senior Manager, AML Investigations (Transaction Monitoring Case Investigations)

Scotiabank • $100K — $120K *
Mississauga, ON L4T 0A1In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree and 5+ years in AML, compliance, or audit at a major financial institution.
  • Certified Anti-Money Laundering Specialist designation is a plus.
  • Strong ability to build cross-functional relationships.
  • Expertise in identifying operational efficiencies within compliance frameworks.
  • Advanced problem-solving skills for complex operational challenges.
  • Solid understanding of Canadian AML regulations and reporting.
  • Supervisory experience leading large teams.

Responsibilities

  • Lead a client-focused culture within the Anti Money Laundering Unit.
  • Manage investigations and high-profile cases concerning AML risks.
  • Implement new AML methodologies to combat emerging risks.
  • Facilitate information sharing across branches for AML compliance.
  • Coordinate with stakeholders on audits and process enhancements.
  • Direct investigation of unusual transactions and high-risk clients.
  • Ensure timely reporting of suspicious activities to authorities.

Benefits

  • Support a high-performance and inclusive work environment.
  • Join a collaborative, innovative team in a forward-thinking organization.
  • Enjoy a comprehensive benefits plan and competitive compensation.
  • Engage in leadership support for development and career advancement.
  • Be part of an organization committed to community impact.
Full Job Description
Requisition ID: 268975

The Senior Manager, Anti Money Laundering Investigations leads and oversees the Anti Money Laundering Unit (AMLI), ensuring AML related regulatory obligations, business strategies, plans, and initiatives are executed/delivered in compliance with governing regulations, as well as internal policies and procedures.

Is this role right for you? In this role, you will:

  • Lead and drive a client-focused culture throughout your team to deepen Client relationships and leverage broader Bank relationships, systems, and knowledge.
  • Provide tactical and strategic support to the AMLI relative to the investigation and management of AML Automated Monitoring System (AMS) Alerts, Unusual Transaction Reports (UTRs) and Referrals, as assigned, including high-profile cases, ensuring operational and reputational risks are duly managed.
  • Lead and manage the investigation of complex cases and serve as an escalation and resolution point on higher-risk cases that pose material risk exposure to the Bank.
  • Support the implementation of new AML methodologies and monitoring tools to mitigate new and emerging money laundering (ML)/terrorist financing (TF) risks, while conducting ongoing analysis of core operational processes to identify potential procedural gaps and foster an environment of continuous improvement.
  • Oversee centralized, group-wide information sharing in accordance with policy. Foster communication with Canadian branches and subsidiaries to acquire necessary information and timely responses to requests for information (RFIs) from the AMLI. This information applies to managing reputational and regulatory AML related risks.
  • Collaborate and lead where appropriate with key Transaction Monitoring (TM) stakeholders, including, but not limited to, AML Operations, on audit/issue management and closure, reporting, communications & change management, process/procedure enhancements, resource planning, and special projects.
  • Coordinate the investigation of unusual transactions and potential high-risk Clients and manage the development of the investigative team to acquire an expert-level knowledge of regulatory requirements and money laundering typologies. Where Clients pose unacceptable risk to the Bank, prepare the necessary documentation, and follow established procedures to recommend Client exits to business line management.
  • Manage/direct the team to report suspicious transactions to the appropriate regulatory authority in a timely manner and in accordance with regulations.
  • Resolve quality issues and disputes escalated by AMLI Managers.
  • Evaluate the potential risk posed by activity reported by business units and, where applicable, assess the Bank's exposure to a given Client. Participate in formulating appropriate risk mitigation strategies including exiting relationships that pose unacceptable risks to the Bank. Maintain accurate and complete records of investigations including the rationale for concluding whether activities are suspicious and whether or not Clients represent higher or unacceptable levels of risk.
  • Oversee risk-mitigation activities, including, but not limited to, recommending enhanced due diligence, enhanced monitoring, and management of Client relations with the business line relationship owners.
  • Coordinate activities in response to requests from law enforcement agencies, FINTRAC, and/or other Bank FIUs under the auspices of BCPIF and other Law Enforcement related items.
  • Understand how the Bank's Risk Appetite Statement (RAS) and risk culture should be considered in day-to-day activities and decisions.
  • Create an environment in which the team pursues effective and efficient operations, while ensuring the adequacy, adherence to, and effectiveness of business controls to meet obligations with respect to operational risk, regulatory compliance risk, and conduct risk. Responsibilities include, but are not limited to, those defined under the Enterprise-wide AML & ATF and Sanctions Handbook, Scotiabank Code of Conduct, the Anti-Corruption Policy, Scotiabank Information Security Policy, and the Enterprise-Wide Risk Management Framework.
  • Acquire extensive knowledge of local and significant and relevant international AML laws and regulations.
  • Develop expertise with the applicable case management systems, bank information systems, and analytics reporting tools and share insights, as appropriate.
  • Review relevant Management Information Reports and other analytics tools provided and where risk related or productivity concerns or anomalies are identified, escalate to the AMLI Director, as appropriate.
  • Employ AML related systems and process expertise and experience, identify and implement process enhancements, and oversee the resolution of systems and/or process deficiencies.
  • Build a high-performance environment by implementing a human resource strategy that retains, develops, and motivates your team, fostering an inclusive work environment; communicating Scotiabank's and the Global AML Department's visions, values, and business strategy.
  • Strategically anticipate and identify the need for additional resources, lead the hiring and human resource development process, manage succession and development planning for the team, and identify and promote high-performing individuals.


Do you have the skills that will enable you to succeed? We'd love to work with you if you have experience with:

  • Bachelor's degree (University Degree) with a minimum of 5 years of experience in an AML, Compliance, and/or Audit capacity in a major financial institution; or equivalent in education and years of experience. In addition,
  • Certified Anti-Money Laundering Specialist designation is an asset.
  • Ability to build strong cross-functional business relationships.
  • Ability to identify and implement continuous improvement initiatives to drive operational efficiency without compromising compliance requirements.
  • Advanced problem-solving skills to deal with complex operational issues, across functions.
  • Demonstrates integrity when working with colleagues and leads others by setting an example of required behaviors.
  • Excellent written and verbal communication skills, able to manage difficult conversations.
  • High Client focus and high-risk management focus.
  • Practical knowledge of Scotiabank branch operations and culture.
  • Previous experience in an AML, audit, or compliance role is an asset.
  • Results oriented, highly motivated with a keen ability to influence others.
  • Self-reliant and proactive approach to work.
  • Solid knowledge of Canadian AML regulations and regulatory reporting framework.
  • Strong analytical, problem-solving, and critical thinking skills.
  • Strong organization and time management skills.
  • Supervisory experience of large diverse teams and coaching skills.


What's in it for you?

  • Champion a high-performance environment and contribute to an inclusive work environment.
  • The opportunity to join a forward-thinking organization where you are surrounded by a collaborative team of innovative thinkers.
  • A competitive compensation and comprehensive benefits plan.
  • An organization committed to making a difference in our communities - for you and our customers.
  • You can expect to be recognized and rewarded for high-performance; you will be supported by leadership through meaningful development conversations that enable faster advancement and internal training to support your growth and development.


Location(s): Canada : Ontario : Mississauga || Canada : Ontario : Toronto

Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

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